2.3 Credit NFT
Decentralized credit rating and lending algorithms run automatically based on the data contained in the on-chain credit NFT (cNFT). Each cNFT is generated with a decentralized identity (DID) at its core and includes:
The status of assets across all wallet addresses associated with the DID
The transaction history as well as present status on each DeFi protocol
The credit rating calculated by the CreDA Credit Oracle
CREDA tokens minted by the user onto their cNFT
The CreDA protocol maintains sufficient operating assets and corresponding cross-chain interfaces for each cNFT.
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